PT. Multi expects to receive cash from sales of Rp 50,000,000.00 in April. In addition to PT. Multi received cash from the sale of the property amounting to Rp. 4,000,000.00 Payment of raw materials and supplies expected for a total of Rp. 12,500,000.00 direct labor salaries of Rp. 13,800,000.00 and other expenses budgeted for Rp. 15,200,000.00 On March 1, the balance in the cash account is IDR 2,470,000.00

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Completing the Accounting cycle

An accounting cycle is a multiple-step process that analyzes, verify, record and summarize the entities financial data. The accounting cycle starts when the transaction occurs between two parties and ends when the transaction is completed. The accounting cycle changes the entity's financial position as it involves identifying, verifying, and recording the financial transaction in chronological order. Financial position is the summary of business transactions that occurred throughout the particular accounting period. The accounting cycle recurs at the beginning of each financial year.